Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0106%/8h= +11.6% APRpaid last 24h −0.086%

Price spread now: Deribit against Bitget+0.010%7-day average +0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$330.333% of the position

Long on Bitget Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.191%−$19 on $10k

Price spread, last 4 days (all we have)−0.028%−$3 · spread now +0.010%, 7d avg +0.036%

Together, before fees−0.218%−$22 on $10k · with fees, hour by hour

Funding pays, the price is against you. Deribit is 0.026% cheaper against Bitget than usual: you would sell low and buy high (spread +0.010% now, against its 7-day average of +0.036%). If the spread goes back, that is −$3 on $10k: about 19 hours of funding at the current rate (+$3 a day). Mind the row above: over the last 7 days funding on this pair cost −0.191%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget BCHUSDT	263.84	−0.0106	get 0.0106% / 8h	2h 55m	$18.8M	$28.3M	75x
Short	Deribit BCH_USDC-PERPETUAL	263.87	0	get 0.0000% / 1h	55m 13s	$441K	$332K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Bitget. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BitgetbpFee DeribitbpOrdersPrice spread, now +0.010%Rate

Funding earned: $22.26
Price spread: +0.010% → +0.036%: −$2.57
Slippage, 4 orders: −$14.33
Fee Bitget: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$13.64
Costs to cover: 0.333%
Break-even: 11.3 days

Slippage from Bitget: live order book, 4 min ago; Deribit: live order book, 58 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bitget live order book, 4 min ago	0.38 bp	9.9 bp −$10	17.6 bp −$176	41.3 bp −$4,128	doesn't fit
Sell Deribit live order book, 58 min ago	3.99 bp	7.5 bp −$7	14.8 bp −$148	doesn't fit	doesn't fit

BCH on 32 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX BCH-USDT	−0.0242%	8h	263.57	−0.102%	$772K	$1.4M	75x	as long as short
Phemex BCHUSDT	−0.0199%	8h	263.65	−0.072%	$4.9M	$6.5M	50x	as long as short
Nado BCH-PERP	−0.0198%	1h	263.46	−0.144%	$430K	$349K	10x	as long as short
SunX BCH-USDT	−0.0147%	8h	263.35	−0.186%	$2K	$1.7M	30x	as long as short
Bitget BCHUSDTlong	−0.0106%	8h	263.84	long leg	$18.8M	$28.3M	75x
SoDEX BCH-USD	−0.0105%	1h	263.71	−0.049%	$2K	$8K	10x	as long as short
KuCoin BCHUSDTM	−0.0102%	8h	263.70	−0.053%	$8.5M	$6.8M	75x	as long as short
OKX BCH-USDT-SWAP	−0.0078%	8h	263.60	−0.091%	$25.1M	$76.1M	50x	as long as short
Variational Omni BCH	−0.0069%	8h	263.70	−0.052%	$81K	$196K	—	as long as short
Extended BCH-USD	−0.0064%	1h	263.58	−0.099%	$111K	$1.1M	25x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BCHUSDT	−0.0061%	8h	263.85	+0.004%	$71.6M	$216.4M	75x	as long as short
MEXC BCH_USDT	−0.0061%	8h	263.93	+0.034%	$69.8M	$8.0M	200x	as long as short
Coinbase International BCH-PERP-INTX	−0.0040%	1h	263.82	−0.008%	$219K	$1.8M	50x	as long as short
GRVT BCH_USDT_Perp	−0.0036%	8h	263.84	−0.002%	$385K	$17K	10x	as long as short
Gate BCH_USDT	−0.0017%	8h	263.68	−0.061%	$8.3M	$13.6M	75x	as long as short
Bybit BCHUSDT	−0.0014%	8h	263.60	−0.091%	$38.8M	$31.4M	75x	as long as short
BingX BCH-USDT	−0.0008%	8h	263.65	−0.072%	—	$32.9M	—	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	263.63	−0.078%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	263.75	−0.035%	$5K	$243	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	263.83	−0.004%	$987K	$10.4M	2.7x	as long as short
Deribit BCH_USDC-PERPETUALshort	0.0000%	1h	263.87	+0.010%	$441K	$332K	25x
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+2.411%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0046%	8h	263.70	−0.053%	$2K	$176	10x	as long as short
BloFin BCH-USDT	+0.0059%	8h	263.81	−0.011%	$3.9M	$4.4M	50x	as long as short
Aster BCHUSDT	+0.0074%	8h	263.77	−0.027%	$152K	$549K	75x	as long as short
Lighter BCH	+0.0096%	1h	263.74	−0.036%	$353K	$495K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	263.75	−0.034%	$5.7M	$4.6M	10x	as long as short
Pacifica BCH	+0.0100%	1h	263.62	−0.082%	$159K	$305K	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	263.58	−0.098%	$18K	$329K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	263.88	+0.015%	$96K	$234K	50x	as long as short
Kraken Futures PF_BCHUSD	+0.0180%	1h	263.92	+0.032%	$846K	$3.0M	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0202% / S −0.0147%	1h	263.67	−0.065%	$12K	—	100x	as long as short